YT(SH:600692)2014-04-25 16:00Financial Performance - Operating revenue for the first quarter was CNY 93,083,349.47, down 39.10% year-on-year[6] - Net profit attributable to shareholders was CNY 3,001,269.93, an increase of 325.79% compared to the same period last year[6] - The company reported a basic earnings per share of CNY 0.0085, an increase of 325% compared to the previous year[6] - Total operating revenue for the current period is CNY 93,083,349.47, a decrease of 39.1% compared to CNY 152,835,887.91 in the previous period[28] - Net profit for the current period is CNY 3,933,704.91, an increase of 78.5% compared to CNY 2,206,141.96 in the previous period[29] - The net profit attributable to the parent company is CNY 3,001,269.93, up from CNY 704,875.48 in the previous period[29] - Basic and diluted earnings per share for the current period are both CNY 0.0085, compared to CNY 0.0020 in the previous period[29] Cash Flow - The net cash flow from operating activities was negative CNY 19,471,927.57, a decrease of 130.67% year-on-year[6] - Cash received from operating activities decreased by CNY 47,497,784.83, a decline of 45.27%, mainly due to lower sales revenue from subsidiary Shanghai Yatong Harmony Investment Development Co., Ltd.[13] - Cash paid for purchasing goods and services increased by CNY 36,458,772.24, an increase of 175.43%, attributed to higher advance payments for projects by subsidiary Shanghai Yatong Harmony Investment Development Co., Ltd.[13] - Cash flow from operating activities showed a net outflow of CNY 19.47 million, a decline from a net inflow of CNY 63.49 million in the previous year[36] - Cash flow from investing activities resulted in a net outflow of CNY 4.58 million, compared to a net inflow of CNY 4.51 million in the same period last year[37] - Cash flow from financing activities generated a net inflow of CNY 13.48 million, down from a net outflow of CNY 108.17 million in Q1 2013[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,152,988,414.14, a decrease of 1.58% compared to the end of the previous year[6] - Total liabilities are CNY 620,554,016.23, down from CNY 642,998,791.64 at the beginning of the period[21] - The company’s total liabilities decreased, reflecting a strategic focus on reducing debt levels[14] - Cash and cash equivalents at the end of the period were CNY 96,345,970.72, down from CNY 106,920,292.35 at the beginning of the year[19] - Total equity attributable to shareholders is CNY 510,391,109.98, an increase from CNY 507,389,840.05 at the beginning of the period[21] Shareholder Information - The number of shareholders at the end of the reporting period was 43,277[10] Expenses and Costs - Total operating costs for the current period amount to CNY 90,771,461.13, down 38.8% from CNY 148,302,140.12 in the previous period[28] - Sales expenses decreased by CNY 580,068.45, down 88.03% due to reduced sales costs in subsidiaries[12] - Total operating expenses for Q1 2014 were CNY 7.11 million, a decrease from CNY 10.29 million in Q1 2013, indicating a cost reduction strategy[32][41] Investment Income - Investment income increased by CNY 1,930,114.51, a rise of 5965%, primarily from entrusted loan income received from Shanghai Zhongju Investment Development Co., Ltd.[13] - Cash received from investment income increased by CNY 1,962,471.86, mainly from entrusted loan income received from Shanghai Zhongju Investment Development Co., Ltd.[13] - Investment income increased significantly to CNY 2.76 million in Q1 2014, compared to CNY 1.5 million in Q1 2013, marking an 84.0% increase[32][41] Future Outlook - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[32]